Any individual or firm in the business of buying and selling securities for itself and others. Broker/dealers must register with the SEC. When acting as a broker, a broker/dealer executes orders on behalf of his/her client. When acting as a dealer, a broker/dealer executes trades for his/her firm's own account. Securities bought for the firm's own account may be sold to clients or other firms, or become a part of the firm's holdings.

Use broker/dealer in a sentence

I had to consult the broker/dealer because he was the one I was doing business with in the present moment.

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You should always keep a good relationship with any broker/dealer so that they will let you know when the time is right.

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John worked for years as a broker/dealer. He brought a lot of deals to companies for mortgages that he was able to setup through his relationships.

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public limited partnership Over-the-Counter